The new Sukuk law will be approved on Wednesday by the cabinet before being referred to the Shura Council on the same day, said Ahmed El-Najjar, member of the economic committee at the Freedom and Justice Party (FJP) and advisor to the minister of finance.
“The new law is entirely different from the previous one,” he said. “It will not be called an ‘Islamic sovereign sukuk law’; just ‘sukuk law’.” “This doesn’t mean that it doesn’t respect Islamic legislation,” he continued. “On the contrary, the first article of the law mentions that it is fully Sharia-compliant, and it will have a special [Sharia] committee to oversee its implementation.”..........................................Full Article: Source